1720 Carson Dr Yazoo City, MS 39194-2725
- Grocery and convenience stores
- 2,748 SF
- 0.71 lot acres
Current Use by Public Records
- Grocery and convenience stores
Property Details for 1720 Carson Dr
- Year built
- 2014
- Lot size
- 0.71 lot acres
- Property size
- 2,748 SF
- Property type
- Grocery and convenience stores
- APN
- 3-275Q-22-230.00
- APU
- 3275Q2223000
Description
This exceptional investment opportunity presents a 2,823 square foot Popeyes restaurant located at 1720 Carson Dr, Yazoo City, MS 39194. Boasting a strong location in Yazoo County's primary retail corridor, this property benefits from high visibility and proximity to major retailers like Walmart, McDonald's, and Burger King. The property sits on a 1.6-acre lot and was built in 2014. A new 20-year absolute NNN lease commenced in November 2023, extending to November 2043, with 10% rent bumps every five years. This provides significant income security and minimal landlord responsibilities. The current annual net operating income (NOI) is $164,413, representing a 6.00% cap rate on the $2,735,000 asking price. The lease includes four 5-year renewal options. This Popeyes location consistently outperforms system-wide averages, achieving over $2 million in net sales and ranking in the 95th percentile for daily visits based on Placer.Ai mobile phone data. In 2017, it was even named the #1 best-operated Popeyes in the USA by Popeyes corporate. The tenant, High Noon Restaurant Group, is a reputable Louisiana-based franchisee operating 91 stores across Louisiana and Mississippi. This is a rare opportunity to acquire a high-performing, low-maintenance asset with exceptional long-term growth potential. The property is 100% occupied.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Yazoo City
- County
- Yazoo
- State
- Mississippi
- Longitude
- -90.3931
- Latitude
- 32.8678
- CBSA code
- 27140
- CBSA name
- JACKSON, MS METROPOLITAN STATISTICAL AREA
